Archive for the ‘economics’ category

May 23, 2019

A review of Rod Pyle’s new book, Space 2.0, a tour de force of the “new space” phenomena packed with photos and details of the amazing people behind it. The book goes beyond Musk, Branson and Bezos and explains the origins of the science and engineering required to build an economy beyond Earth.

May 20, 2019

Those who watched the full 51-minute version of Jeff Bezos’ May 9 Blue Moon announcement were treated to a tutorial on the work of Dr. Gerard K. O’Neill. In the 1970s Dr. O’Neill popularized the idea of space colonies that rotate in orbit allowing tens of thousands of inhabitants to live comfortable lives in Earth-like habitats. Bezos even commissioned updated renderings to excite the audience’s imagination.

Bezos articulated, as he has on many occasions that human civilization should and must expand out into the space to live and work in permanent space settlements. Doing so will allow the best planet in the Solar System, the Earth, to become a protected treasure in the vast harshness of space.

He understands that by creating the infrastructure to accelerate economic development in space his vision of space settlement will more rapidly come to fruition. But Bezos is sober about his space colony ambitions. He calls it a multigenerational endeavor. And so it may be.

May 19, 2019

Space exploration isn’t just romance; it’s not even just to keep the human species from having all its eggs in one basket. It’s also there, Daniel Suarez suggest, to save our economies from the day the debt-bubble bursts.

May 17, 2019

Greg Autry reviews Robert Zubrin’s new book, The Case for Space. The good doctor knows a lot more than just Mars. The book envisions a bright future for humanity in the solar system and beyond, backed by scientific, engineering and economic analysis from the expert who brought us the Case for Mars.

May 14, 2019

While old business clans continue to dominate India’s rich lists, a tenfold expansion in its economy since its opening in the 1990s has spawned new tycoons in fields like technology. The number of billionaires in India more than doubled to 119 between 2013 and 2018, according to Knight Frank. And the country will lead the global growth in ultrahigh net worth individuals, with its numbers rising 39 percent to 2,697 by 2023, the researcher estimates.

India is going through one of the greatest periods of wealth creation — and destruction — all at the same time.

A new breed of self-made entrepreneurs is vaulting into the ranks of the wealthy, offsetting billions lost by debt-burdened industrialists and members of the country’s old dynasties. The changes are set to help India’s ultra-rich population grow at the world’s fastest pace.

May 9, 2019

A new type of money that allows users to make decisions based on information arriving at different locations and times, and that could also protect against attacks from quantum computers, has been proposed by a researcher at the University of Cambridge.

The theoretical framework, dubbed ‘S–money’, could ensure completely unforgeable and secure authentication, and allow faster and more flexible responses than any existing financial technology, harnessing the combined power of quantum theory and relativity. In fact, it could conceivably make it possible to conduct commerce across the Solar System and beyond, without long time lags, although commerce on a galactic scale is a fanciful notion at this point.

Researchers aim to begin testing its practicality on a smaller, Earth-bound scale later this year. S-money requires very fast computations, but may be feasible with current computing technology. Details are published in the Proceedings of the Royal Society A.

May 6, 2019

BERLIN—German research organizations cheered a decision announced today by state and federal ministers to increase research budgets by 3% a year for the next decade—a total boost of €17 billion over that time. For more than a decade, German research organizations have enjoyed consistent budget increases—3% boosts every year since 2006, even during downturns in the German economy. But some observers have worried that falling tax revenues and deep disagreements between state and federal ministers could bring an end to the largesse.

State and federal government pledge €17 billion in extra funds through 2030.